The stock of Huntington Ingalls Industries Inc (NYSE:HII) hit a new 52-week high and has $193.05 target or 7.00% above today’s $180.42 share price. The 9 months bullish chart indicates low risk for the $8.33 billion company. The 1-year high was reported on Nov, 29 by Barchart.com. If the $193.05 price target is reached, the company will be worth $583.10M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 187,547 shares traded hands. Huntington Ingalls Industries Inc (NYSE:HII) has risen 24.68% since April 26, 2016 and is uptrending. It has outperformed by 19.43% the S&P500.

Analysts await Huntington Ingalls Industries Inc (NYSE:HII) to report earnings on February, 16. They expect $2.51 EPS, up 12.05% or $0.27 from last year’s $2.24 per share. HII’s profit will be $115.89 million for 17.97 P/E if the $2.51 EPS becomes a reality. After $2.27 actual EPS reported by Huntington Ingalls Industries Inc for the previous quarter, Wall Street now forecasts 10.57% EPS growth.

Huntington Ingalls Industries Inc (NYSE:HII) Ratings Coverage

Out of 8 analysts covering Huntington Ingalls Industries (NYSE:HII), 4 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 50% are positive. Huntington Ingalls Industries has been the topic of 15 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The stock of Huntington Ingalls Industries Inc (NYSE:HII) earned “Neutral” rating by Credit Suisse on Friday, January 15. As per Thursday, October 1, the company rating was initiated by Cowen & Co. Cowen & Co downgraded Huntington Ingalls Industries Inc (NYSE:HII) on Tuesday, September 20 to “Market Perform” rating. The firm earned “Buy” rating on Wednesday, January 20 by Guggenheim. The rating was upgraded by Wells Fargo to “Outperform” on Friday, November 6. The firm earned “Sell” rating on Tuesday, May 24 by Stifel Nicolaus. Citigroup maintained the shares of HII in a report on Wednesday, September 7 with “Buy” rating. As per Monday, July 11, the company rating was maintained by Deutsche Bank. The stock of Huntington Ingalls Industries Inc (NYSE:HII) earned “Buy” rating by Deutsche Bank on Friday, November 6. The rating was upgraded by Credit Suisse on Monday, January 18 to “Neutral”.

According to Zacks Investment Research, “Huntington Ingalls Industries (HII) designs, builds and maintains nuclear and non-nuclear ships for the U.S. Navy and Coast Guard and provides after-market services for military ships around the globe. The company also develops and produces warships, including destroyers, amphibious transport dock ships, and national security cutters for the surface Navy fleet, U.S. Coast Guard, U.S. Marine Corps, and foreign and commercial customers. Additionally, the company provides complex nuclear project management; safe management and handling of radiological materials and waste; and nuclear facility construction, commissioning, operations, and D&D services. Huntington Ingalls Industries (HII) is based in Newport News, Virginia.”

Insitutional Activity: The institutional sentiment increased to 1.21 in Q2 2016. Its up 0.08, from 1.13 in 2016Q1. The ratio is positive, as 24 funds sold all Huntington Ingalls Industries Inc shares owned while 124 reduced positions. 50 funds bought stakes while 117 increased positions. They now own 40.64 million shares or 11.56% less from 45.96 million shares in 2016Q1.
Cubist Systematic Strategies Limited Liability has 0.02% invested in the company for 2,502 shares. Dreman Value Mngmt L L C last reported 133 shares in the company. Twin Tree Lp holds 11,525 shares or 0.03% of its portfolio. Wells Fargo & Mn reported 692,989 shares or 0.05% of all its holdings. The New York-based Alliancebernstein Limited Partnership has invested 0.01% in Huntington Ingalls Industries Inc (NYSE:HII). The Minnesota-based Thrivent Fincl For Lutherans has invested 0.39% in Huntington Ingalls Industries Inc (NYSE:HII). Advantus Capital Management last reported 5,694 shares in the company. Blackrock Japan Company Ltd last reported 2,650 shares in the company. Retirement Of Alabama accumulated 0.06% or 60,657 shares. Paradigm Asset Mngmt Communication Lc holds 0% or 3,100 shares in its portfolio. Chicago Equity Ptnrs Ltd Liability has invested 0.08% of its portfolio in Huntington Ingalls Industries Inc (NYSE:HII). The New York-based Millennium Ltd Company has invested 0.01% in Huntington Ingalls Industries Inc (NYSE:HII). First Interstate National Bank owns 200 shares or 0.01% of their US portfolio. Private Na holds 0.42% of its portfolio in Huntington Ingalls Industries Inc (NYSE:HII) for 9,694 shares. Moreover, Vanguard Grp Inc has 0.04% invested in Huntington Ingalls Industries Inc (NYSE:HII) for 4.01 million shares.

Insider Transactions: Since July 1, 2016, the stock had 0 insider purchases, and 5 insider sales for $807,466 net activity. Kastner Christopher D had sold 2,000 shares worth $331,790. $135,200 worth of Huntington Ingalls Industries Inc (NYSE:HII) shares were sold by Wyatt D R. Shares for $95,781 were sold by Dickseski Jerri F.

HII Company Profile

Huntington Ingalls Industries, Inc. (HII), incorporated on August 4, 2010, designs, builds, overhauls and repairs ships for the United States Navy and the United States Coast Guard. The Firm is the designer, builder and refueler of nuclear powered aircraft carriers, a builder of amphibious assault and expeditionary warfare ships for the United States Navy and the sole builder of National Security Cutters (NSCs) for the United States Coast Guard. The Firm operates its shipbuilding business through Huntington Ingalls Incorporated subsidiary, which is organized into two divisions: Ingalls Shipbuilding (Ingalls), which includes non-nuclear ship design, construction, repair and maintenance businesses, and Newport News Shipbuilding (Newport News), which includes the nuclear ship design, construction, overhaul, refueling, and repair and maintenance businesses. The Firm creates and manufactures nuclear-powered submarines for the United States Navy and manufactures the Navy’s fleet of DDG51 Arleigh Burke-class destroyers. The Firm provides refueling and complex overhaul services for nuclear-powered aircraft carriers. It is also a full-service systems well-known provider for the design, engineering, construction and life cycle support of programs for surface ships, and a well-known provider of fleet support and maintenance services for the United States Navy. The Firm conducts all of its business with the United States Government, principally the Department of Defense (DoD). The Firm provides a range of services to the energy, and gas and oil industries, as well as government customers.